MPLX LP is targeting high-return projects in the Permian Basin-to-Gulf Coast corridor as it continues to streamline 2020 growth capital expenditures (capex) to $1.5 billion, down by another $500 million from the most recent estimate.
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4Q2019 Earnings: MPLX Remains Focused on Permian, Trims Capex Another $500M
MPLX LP is targeting high-return projects in the Permian Basin-to-Gulf Coast corridor as it continues to streamline 2020 growth capital expenditures (capex) to $1.5 billion, down by another $500 million from the most recent estimate.
New MPLX CEO Says ‘Permian-to-Gulf’ Strategy on Track
With new leadership at the top, MPLX LP on Thursday outlined plans to continue pursuing its integrated crude oil and natural gas conduit from the Permian Basin to the Gulf Coast, bankrolled with a proposed $2 billion capital expenditure (capex) program next year.
Sunoco Says Third Mariner East Pipeline Is A Go
Sunoco Logistics Partners LP will proceed with the construction of a third Mariner East (ME) pipeline known as ME 2X now that it’s received the necessarypermits from the Pennsylvania Department of Environmental Protection (DEP).